LACCOIN-the blockchain powered token that will bring the Latin America and Caribean region under one currency jurisdiction

The world has continuously witnessed huge advancements since man discovered how to do work easier and faster with the help of machines. People have continually committed themselves towards improving the way of doing things. This has resulted in mind blowing discoveries and innovations. The latest of them which has promised to change virtually the way everything is done is the blockchain. Providing easier, faster, secure and more transparent ways of doing things, the blockchain has affected almost every sector of human endeavor. Today, the Laccoin project founded by Chad O. Grant and Jonathan A. Kidd wishes to leverage on this technology to enhance the lives of the people living within the Latin America and Caribbean region by creating a banking platform that would be a viable alternative to the existing traditional banks.
This project became necessary not only because the existing banking system has been unable to accommodate a large percentage of the populace within the region, but has created a burden on the banked population due to its cost and time inefficiencies. The nationals of this region depend largely on remittances from individuals, mostly family members in foreign countries. This means that natives of this region rely mainly on monetary aid from folks in foreign countries. One can easily see how badly they need to access banking facilities. Therefore, the team came up with a project that will provide an easy, more inclusive, safe and fast way of keeping and transferring money across international borders which will ease of the burden of individuals and businesses that hitherto does not have access to banking facilities.
Laccoin is a digital asset built on the Ethereum blockchain. It will be stored in the LAC wallet, a digital wallet that can be downloaded from any mobile device. This wallet is compactible with other digital assets making it possible for users to exchange LAC with other cryptocurrencies. A user can get a debit card attached to his wallet to enable him make withdrawals and payments as though he were using a fiat currency. Owning to the widespread use of the mobile phone, one could readily see how the Laccoin will provide not just a banking system that is more inclusive but fast since transactions will be taking place at the speed of the internet. Banking on Laccoin will be cheaper than banking with traditional banks as well.
The Laccoin team has taken proactive measures to ensure the growth of its community by instituting various packages that will encourage the adoption of LAC. There is LAC Gold Card, a special debit card reserved for community members with large reserve of LAC token. Fees that apply to LAC White Card, the popular card, does not apply to it. There is also monthly rewards for token holders according to the amount of token in their possession. The Union Wealth Fund is a large fund accumulated over a long period of time from transactions made on the platform for rewarding loyal members of the community for long term participation. Also the pattern of distributing these rewards would be decided by users by voting. The strength of a user’s vote will also depend on the size of LAC token in his possession. There is also a marketing team vested with the responsibility of advertising Laccoin and another, which will handle the cultural difference of the people scattred across the region. The team has put in place these features not just to encourage widespread adoptability of the LAC token but also to give its holders a sense of community. You may meet the Laccoin team.
Another product that will ensure user loyalty is the Laccoin Microfinance. Laccoin will develop a platform for peer-to-peer loans between members of the community. The platform will have the capacity to produce a credit score for every user so the creditor wouldn’t have to go through rigorous exercise to prove the credit worthiness of the benefactor. Measures have also been taken to enhance liquidity of LAC token and to check its volatility.
Thr Laccoin token, an ERC20 utility token with ticker symbol LAC is set for public sale. A total of 390,000,000 LAC has been generated but only 55% of this coin will be offered to the public during the public sale. Pre-sale will start September 1, 2018 while the public sale will kick off on November 1, 2018. This is an opportunity to make a worthy investment that will earn you short-term and long term benefits.

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